Oh man, this is like your MTG work except it’s free money, which is even better.
But — umm, is it possible to ask for a quick 80⁄20 on the mechanics of this particular prediction market as of September 2019, especially any counterintuitive or worth highlighting points?
Yes of course I can review past posts and Google, but little details wrong around counterparty risk or lockup period of money, or y’know doing something stupid like the equivalent in-force-one-day market order instead of a limit order in a low volume market...
If it’d be fun for you, could you perhaps do a 5-10 sentence “off the top of your head” take on the mechanics? I wouldn’t trust a shallow analysis from myself to not miss any details, and a “not shallow” analysis clocks in somewhere in the 3-20 hours range.
Basically you can deposit for free. You pay 5% to withdraw. Net winnings cost 10%. Capital lock up is max loss on a given market, bet limit is $850 liability on each contract regardless of what you have in other contracts. Market is always live. You always use limit orders, which you can cancel any time.
Rules for some contracts are kind of weird, so if it matters, read ’em.
Oh man, this is like your MTG work except it’s free money, which is even better.
But — umm, is it possible to ask for a quick 80⁄20 on the mechanics of this particular prediction market as of September 2019, especially any counterintuitive or worth highlighting points?
Yes of course I can review past posts and Google, but little details wrong around counterparty risk or lockup period of money, or y’know doing something stupid like the equivalent in-force-one-day market order instead of a limit order in a low volume market...
If it’d be fun for you, could you perhaps do a 5-10 sentence “off the top of your head” take on the mechanics? I wouldn’t trust a shallow analysis from myself to not miss any details, and a “not shallow” analysis clocks in somewhere in the 3-20 hours range.
Basically you can deposit for free. You pay 5% to withdraw. Net winnings cost 10%. Capital lock up is max loss on a given market, bet limit is $850 liability on each contract regardless of what you have in other contracts. Market is always live. You always use limit orders, which you can cancel any time.
Rules for some contracts are kind of weird, so if it matters, read ’em.